A light tower is a mobile equipment that has high-intensity electric lamps and a mast. These light towers may be attached to a trailer, with a generator set to power the lamps or can be stationary units with a tripod or four prong stand. Normally, the lamps are metal halide bulbs, and the generator is powered by a diesel engine. However, growing environmental concerns have led to the introduction of solar-powered and hydrogen-powered sets with electrodeless lamps or LED lighting. Light towers are mostly used during construction. Other activities where strong, temporary, outdoor illumination may be required, such as mining, motion picture production, demolition, emergency services, oil refining, sport, or agricultural sectors are also prominent applications of light towers.
The Vendor analysis provides information about key players that offer light tower products, and outlines the findings and analysis on how well each type of light tower provider performs in terms of product offerings and market activities.
Vendors who fall into this category generally receive high scores for most evaluation criteria. They have strong and established product portfolio and have a very strong market presence. They also have strong business strategies.
They are established vendors with strong business strategies. However, they are low in product portfolio. They generally focus on a specific type of technology related to the product.
Innovators in the Vendor DIVE Matrix are vendors that have demonstrated substantial product innovations as compared to their competitors. They also have very focused product portfolio. However, they do not have very strong growth strategy for their overall business.
They are vendors with dedicated product offering and are trying to establish their market presence. They do not have much strong business strategies as compared to other established vendors. They might be new entrants in the market and require some more time before getting significant traction in the market. Light tower market is sub segmented broadly into construction, mining, oil & gas, and others. Other end-users include agriculture, airports, emergency services, military, rentals, social & sports events, and motion pictures. Light towers are an integral part of construction, mining, and oil & gas sectors as they provide visibility during the night time, allowing these industries to continue their operations in the absence of sunlight. These industries operate 24/7 and require proper lighting during the night time to ensure the safety of workers and operation. Construction activities comprise of buildings, infrastructure, and industrial. Buildings include the construction of commercial and residential buildings. Infrastructure construction includes roads/highways and public infrastructures such as dams, airports, and bridges. Industrial infrastructure includes construction of industries such as chemical plants, refineries, and mills, among others. The construction work and processes require proper lighting at night to ensure the safety of workers and passerby and reduce injuries due to lack of vision. Also, a few construction activities continue during night and need proper lighting to ensure safe work environment. Most of the mines are located in remote areas away from the grid. Mining activities are carried out in the rugged and harsh environment. Light towers play a significant role in mining operation by providing proper lighting to miners to ensure safe mining operations. The mining industry has been experiencing a slowdown due to low metal prices in the last few years. However, metal prices have started to bounce back, leading to a restart of mining operations. Oil & gas sector is also one of the key users of the light tower as upstream oil & gas operations are carried 24x7. Light towers are also used in refineries, liquefaction, and regasification plants in oil & gas industry. Upstream oil & gas operations have witnessed a jump in North America, and are expected to create high demand for hazardous zone light towers in coming years.